Do you want to learn more about our Public Finance solutions?

Features

Arbitrage Services

Do you have tax-exempt or tax-advantaged bonds? Do you have evidence supporting compliance with the arbitrage requirements of the Tax Reform Act of 1986?

Our specialized arbitrage compliance team, along with our custom software, can perform the post-issuance compliance calculations required by the IRS, allowing you to concentrate on other key elements of your debt issuance.

Direct Pay & Tax Credit

A truly unique form of financing, our team has experience with BAB, QSCB, QZAB, QECB and CREB and will assist you with the various program requirements to ensure a smooth transaction.

We understand the importance of providing clients with up-to-date information on Federal Government changes and are here to help.

Our services include:

Calculation Agent Services

Filing of 8038-CP form

Escrow Services

Choosing an Escrow Agent can prove difficult when there are many transaction components and interested parties with differing objectives. These requirements can often be overlooked until a transaction is about to close.

We recognize the importance of escrow arrangements to the successful completion of business transactions, and place great emphasis on providing flexible solutions with rapid turnaround times.

Our Escrow services include:

Standard escrow agreements which help reduce legal costs at the account set-up stage

A streamlined investing process and a full suite of directed investment options

Tax documentation preparation services

Safekeeping services for a wide range of securities and asset classes

Web-based single sign-on platform for accessing your accounts

Paying Agency

Collecting debt service payments and paying bondholders are required for every debt transaction. Our dedicated Center of Excellence team provides customizable and scalable solutions to yield the best execution.

Our Paying Agency services include but are not limited to:

Collecting principal and interest payments

Record keeping of holders

Working with DTC

Project Finance and P3s

Federal, state and municipal governments are confronted with serious challenges as they solve for today’s growing infrastructure needs. As an unbiased intermediary, we are here to support you and administer debt and cash flow activities to ensure a successful transaction.

Infrastructure systems throughout the U.S. require extensive upgrades.

We are your long-term provider, offering comprehensive services for U.S. Municipal Project Finance and Public Private Partnerships:

Debt Administration Services

Indenture Trustee and Paying Agent (bond servicing)

Third-Party Administrative Agent/Facility Agent (loan servicing)

Project Account Bank/ Depositary Agent

Collateral Agent/ Securities Intermediary

Arbitrage Compliance Services

Revenue Bonds

Whether you need basic trustee services or access to a wide array of non-traditional services, we have the resources and expertise to meet your requirements.

Our public debt team specializes in administering trust appointments and providing expert insight into new market trends. We are committed to our clients and customize services to meet your needs.

The role of a trustee includes:

Enforcing covenants and administering indenture provisions

Investing funds at the direction of the issuer/obligor

Coordinating with all parties in preparation for the issuance of the debt securities

Representing the interests of the bond holders

Administering the preparation and reporting of tax statements and reports

Working with our internal Capital Markets team for investment opportunities

Thought Leadership

Invested in Bridging the Infrastructure Gap

We’re invested in helping make infrastructure and energy investments a reality. BNY Mellon Corporate Trust can help meet the demand for financing long-term infrastructure and energy projects with our project finance administration services.

Business Insights

Are P3s the Future of Infrastructure Financing?

The potential of public-private partnerships (P3s) to develop into a major means of funding in the U.S. has been long-heralded but slow to materialize. On October 5 in New York City, The Bond Buyer hosted an executive roundtable to discuss whether that may now be changing.

Meeting the Climate Finance Challenge

Caroline Cruickshank of BNY Mellon discusses green bonds and the role of public private partnerships in closing the climate funding gap

The pressure on governments to finance climate change mitigation will only grow as a result of increasing social awareness and activism. With the support and resources of the private sector, public-private partnership investments have the potential to mobilize needed capital toward green and sustainable projects.